Appraisals for Estate Settlement by The Appraisal Firm
The responsibility of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and exactly as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone left behind.
Attorneys and accountants depend on our ideals when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. We understand their needs and are used to dealing with all parties involved. In our company, we are used to dealing with legal agencies in assembling appraisal reports that transcend their demands.
Contact us as soon as possible to discuss your individual estate appraisal needs and how we can put our knowledge to work for you.
Settling an estate most often depends on an appraisal to ascertain fair market value for the residential property involved. We empathize that in this time of loss, even thinking about an appraisal report is the furthest thought from your mind. Due to this, it is possible that the time of death differs from the date the appraisal is ordered. The Appraisal Firm assures that our staff are familiar with the procedures and requirements needed by revenue services to supply a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, guaranteeing the highest degree of discretion for you and your family.
Most people don't realize that the IRS requires documents filed to show the numbers involved in estate sales.
An accurate report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. This sort of report will definitely demonstrate the evidence that the numbers displayed within the report are well-founded and accurate.
Having a professional report from The Appraisal Firm gives the executor solid facts and figures to work with in meeting IRS and CA state agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the report if it is ever refuted.
One of the most essential requirements in a report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.